USD Weakens, RBA Minutes & Powell Ahead

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Forex Market

USD: Eases Ahead of Key Events
The dollar softened as traders awaited the RBA minutes and Powell’s remarks. Yields dipped, and risk sentiment stayed firm, keeping USD on the back foot.

  • AUD/USD held in a 0.6500–0.65375 range, last near 0.6520.
  • NZD/USD advanced to 0.5984 on broad USD weakness.
  • EUR/USD touched 1.1717 before easing slightly.
  • GBP/USD hit 1.3510 then settled near 1.3480.
  • USD/JPY slipped to 147.08 lows, stabilizing late.
  • USD/CAD reached 1.36715 after falling from above 1.3700.

AUD: Range-Bound Before RBA Minutes
AUD/USD edged higher early but stayed capped under 0.6540. Support lies at 0.6400, offers seen around 0.6600.

 

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street

Early gains faded; closes were mixed:
  • Dow Jones -0.1%
  • S&P 500 +0.1%
  • Nasdaq +0.4%
U.S. 10-year yields drifted lower; Brent crude steady near $69.3/bbl.
Asia-Pacific
  • Hang Seng +0.6%, Shenzhen +0.7%, Nikkei -0.2%
  • ASX -1.0% (financials -2.3%, consumer discretionary -1.2%)
Europe
  • Stoxx -0.2%, FTSE +0.1%, DAX flat, CAC -0.1%

 

Headlines to Watch

RBA Minutes Awaited

July policy meeting insights on timing vs. direction.

Powell Speaks

Remarks at Fed regulatory event; policy hints unlikely.

ECB Lending Survey

Signals on credit conditions.

Richmond Fed Index

Regional manufacturing snapshot.

 

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6525
AUD/NZD1.0933
AUD/JPY96.18
AUD/CNY4.6816
AUD/EUR0.5579
AUD/GBP0.4837
AUD/HKD5.1215

 

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